Mainstay Income Mutual Fund Forecast - Naive Prediction
| MTXVXDelisted Fund | USD 19.06 0.00 0.00% |
The Naive Prediction forecasted value of Mainstay Income Builder on the next trading day is expected to be 19.10 with a mean absolute deviation of 0.08 and the sum of the absolute errors of 4.74. Mainstay Mutual Fund Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Mainstay Income stock prices and determine the direction of Mainstay Income Builder's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Mainstay Income's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in real. Mainstay |
Most investors in Mainstay Income cannot accurately predict what will happen the next trading day because, historically, fund markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Mainstay Income's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Mainstay Income's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Mainstay Income is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Mainstay Income Builder value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period. Mainstay Income Naive Prediction Price Forecast For the 3rd of May
Given 90 days horizon, the Naive Prediction forecasted value of Mainstay Income Builder on the next trading day is expected to be 19.10 with a mean absolute deviation of 0.08, mean absolute percentage error of 0.01, and the sum of the absolute errors of 4.74.Please note that although there have been many attempts to predict Mainstay Mutual Fund prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Mainstay Income's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Mainstay Income Mutual Fund Forecast Pattern
| Backtest Mainstay Income | Mainstay Income Price Prediction | Buy or Sell Advice |
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Mainstay Income mutual fund data series using in forecasting. Note that when a statistical model is used to represent Mainstay Income mutual fund, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 113.4419 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0778 |
| MAPE | Mean absolute percentage error | 0.0042 |
| SAE | Sum of the absolute errors | 4.7444 |
Predictive Modules for Mainstay Income
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Mainstay Me Builder. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mainstay Income's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Mainstay Income Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Mainstay Income mutual fund to make a market-neutral strategy. Peer analysis of Mainstay Income could also be used in its relative valuation, which is a method of valuing Mainstay Income by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Mainstay Income Market Strength Events
Market strength indicators help investors to evaluate how Mainstay Income mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Mainstay Income shares will generate the highest return on investment. By undertsting and applying Mainstay Income mutual fund market strength indicators, traders can identify Mainstay Income Builder entry and exit signals to maximize returns.
Mainstay Income Risk Indicators
The analysis of Mainstay Income's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Mainstay Income's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting mainstay mutual fund prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.3595 | |||
| Semi Deviation | 0.2093 | |||
| Standard Deviation | 0.488 | |||
| Variance | 0.2381 | |||
| Downside Variance | 0.2676 | |||
| Semi Variance | 0.0438 | |||
| Expected Short fall | (0.41) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in real. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Other Consideration for investing in Mainstay Mutual Fund
If you are still planning to invest in Mainstay Me Builder check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Mainstay Income's history and understand the potential risks before investing.
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